Argent Capital Management LLC Has $78.65 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Argent Capital Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 562,501 shares of the construction company’s stock after selling 9,869 shares during the period. D.R. Horton accounts for 2.2% of Argent Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Argent Capital Management LLC’s holdings in D.R. Horton were worth $78,649,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $165,000. Stolper Co boosted its holdings in shares of D.R. Horton by 0.9% during the fourth quarter. Stolper Co now owns 36,706 shares of the construction company’s stock worth $5,132,000 after acquiring an additional 339 shares during the period. Burney Co. boosted its stake in shares of D.R. Horton by 5.5% in the fourth quarter. Burney Co. now owns 5,830 shares of the construction company’s stock valued at $815,000 after buying an additional 305 shares during the period. Park Avenue Securities LLC boosted its stake in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,767 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of D.R. Horton by 3.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,246 shares of the construction company’s stock valued at $454,000 after buying an additional 107 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 1.6 %

NYSE:DHI opened at $145.47 on Thursday. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average price is $153.12 and its 200-day moving average price is $168.80. The stock has a market cap of $46.67 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.45 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on DHI shares. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Barclays reaffirmed an “equal weight” rating and set a $170.00 target price (down from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. StockNews.com lowered D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Citigroup lowered their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $176.53.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.